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Zilker Labs Acquired by Intersil

Austin-based Zilker Labs, a manufacturer of power conversion semiconductors, has been acquired by Intersil, Intersil said Thursday. Financial terms of the buy were not disclosed. According to Intersil, the merger has been approved by the boards of both of the companies, and will add approximately $1.5M in additional operating expenses per quarter. Zilker develops digital DC power circuits, used for power conversion in electronics. The firm used mixed signal techniques to decrease board space and integrate a number of power functions onto a single IC. Zilker was venture backed by HIG Ventures, North Bridge Venture Partners, and Sevin Rosen Funds.